Fabindia, PE investors eye Rs 1,200-crore fundraise

“Fabindia is working with ICICI Securities and JPMorgan to raise funds from new investors as the company’s IPO plans have been pushed back due to the volatility in stock markets. This will largely be a secondary sale of shares by existing investors of the company. Capital raised by the company will be used for repaying certain debt and for working capital needs,” said one of the people cited above.

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